
The crypto market had a rough start of the year, declining by more than 20% due to the hawkish Federal reserve statements…
2021-09-07 • Updated
Gold and cryptocurrencies demonstrate a correlation since 2021. These assets have equal conjecture as both have limited emission. That fact provides these assets with a status of “haven”, which means traders prefer to purchase them during periods of high market volatility and at the moments when high inflation risks occur.
Ethereum, daily chart
As you can see Ethereum price created two minimums and the maximum at February 28, March 25, and May 12 respectively.
Gold, daily chart
Gold price drew double bottom on March 8 and March 30, approximately a week after Ethereum did. Also, it gained the highest point on June 1, approximately 2 weeks after crypto did.
Lately crypto market dropped on July 20 and Gold followed it on August 9.
At the moment, the crypto market demonstrates extreme growth. Do you have any suggestions about gold’s future? Let’s check it!
30 min, Ethereum chart
30 min, gold chart
The crypto market had a rough start of the year, declining by more than 20% due to the hawkish Federal reserve statements…
What is happening? In December 2021, the main question on global markets was: “When will the FED increase the key rate?” Traders and investors were transferring their capitals into USDs, waiting for the great dump worldwide…
Starting on December 3 cryptocurrency crash caused panic on the market. Further Bitcoin movements are foggy, but we can manage to peek behind the crypto market’s curtains and figure out what to do.
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
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